Increasing the effectiveness of the Philippines offshoring opportunity evaluation


Offshoring parts of a business is a highly effective cost reduction strategy. There are numerous other benefits. To fully realise all benefits, the offshoring opportunity evaluation needs to be realistic and thorough.

To complete a highly effective offshoring business opportunity evaluation, a key pre-component is the need to determine the business critical factors.

This work is completed during the initial stage of the offshoring opportunity evaluation and, as a minimum, will typically cover the following:

1. Current and future projected production volumes

The ability of the offshoring entity to achieve current and future projected volumes. Barriers to achieving volumes need to be identified and workarounds developed and evaluated.

2. Quality assurance

One of the most significant key success indicators is the ability to ensure actual quality standards are aligned with required. Therefore, being able to accurately define and being able to communicate those standards to the offshored entity will be critical to the success of the offshoring venture. Factors that need to taken into account include attributes of the manufacturing facilities, specifications of acceptable raw materials and durability of used components.

3. Change opportunities

Operating in an offshored location will present opportunities to streamline processes and utilise local components. For example, offshoring manufacturing may allow the utilisation of a locally available materials which are lower cost but behave the same as currently used components. Therefore, flexibility for change needs to be considered as part of the total opportunity evaluation process.

4. Market intelligence

Key trends, regulations and business practices need to be identified and considered when assessing an offshoring option. In some countries, certain regulations apply to foreign owned companies but not to local companies. These sorts of issues need to be identified and considered.

To identify offshoring business critical factors, information should be acquired from all functions of the organisation prior to the offshoring evaluation beginning. Information retrieved will ensure that the interests of the whole organisation are included and a highly effective offshoring opportunity evaluation is developed.

Source: http://www.supplymanagement.com/resources/2011/the-seven-stages-of-a-sourcingstrategy

Philippines Business Tours www.philippinesbusinesstours.com are experts in working with overseas organisations to develop and complete Philippines offshoring opportunity evaluations. The collection of relevant data is critical to developing the Philippines offshoring opportunity business case. Philippines Business Tours offer fully customised business tours of the Philippines to ensure a fully informed decision.

If your website is more than 1-year-old, you’re missing an extremely powerful tool in your marketing arsenal.  Read on and I’ll explain why.

How effective is your current business website?  Assess it using our website self-audit tool. Details below.

Had a really interesting chat with a former Hewlett Packard colleague of mine last week. He needs a website built for his new business and we were stepping through some examples of websites that he likes.  What was interesting was that he gets it...that websites are a powerful tool for attracting customers, then engaging them, then getting them to purchase the product/service.


My former colleague shared 2 examples with me of websites that are at either end of the effective websites spectrum.

 

 

What you’ll notice when you open both is the differences across a number of parameters.  
Here’s some of the key components that make a 2016 marketing effective website so powerful.
Websites are powerful marketing and selling tools
Websites, like fashion, change frequently. That website of yours from 2014 is now out of date. Contemporary 2016 websites have been designed around selling psychology and engagement.  The format these websites are based on is a tried, tested and proven formula. Utilising this formula is a way to increase engagement and sales. If you’re not updating your website, you’re losing ground to your competitors.
Bold colour and minimalism.
Modern websites feel spacious.  Each page uses lots of open space, which, when paired with bright, flat, bold coloured shapes and images, create visually engaging moments.  The engagement happens from when the website opens and banner is a high definition stock pic. The minimalism that applies to the pages also applies to the number of pages, hence the move by some businesses to have minimal pages and, in some cases, a single page.
Tagline
It should be clear from the moment of opening the website what the business is offering.  The website should have a tagline that succinctly tells what the business is.
Content
Content continues to be king.  Adding value to people’s lives and helping them solve issues will develop loyalty, confidence and trust.  You have included a blog on your website that is regularly updated.
Giving before receiving
Offering viewers value from the moment they open the website is important and effective.  Another former HP colleague of mine is very effective at this - he offers a 30 min no obligation personal branding consultation and gets high conversion based on this. A website offering free stuff with no expectations adds to brand loyalty, confidence and trust.
Free – budget – moderate - high end
2016 websites will typically offer a range of options for the product or service. The base level is typically free – product can be tried but it may have only basic functions or limited time only offer, but gives users confidence and trust in the product/service. Fee paying options are then offered with a budget option then some additional levels which offer more functionality.
Mobile devices
Websites are no longer viewed mainly on PCs.  In fact, in some countries, more than 50% of online purchasing is now done on smart phones and tablets.  If your websites is not ‘responsive’ and unable to effectively reformat for these devices, or if your online purchase buttons don’t work, it’s possible that 50% of your viewers (and potential sales) are lost.
Constant updating
Because of the way websites are radically evolving, websites are no longer the ‘make and forget’ part of the business.   They are now dynamic core components of a business’s marketing program that need to be regularly refreshed and completely updated at least annually.  If your website is more than 1-year-old, it should be rebuilt in the 2016 format. By not doing so, your cluttered 2014 website with the side bar might be one of the factors contributing to that stagnating sales growth.
Pricing
The kicker for getting a new website build has always been cost, but that’s no longer the case. The highest quality websites with all the bells and whistles (including ecommerce), can now be created at super low cost. For example, my company are currently offering $150 stunning WordPress marketing-effective 1 page websites (http://www.asiaoffshoring.com/#!web-development/zoxdi), Our competitors charge similar prices.  Stop paying $10,000 for a website – there is absolutely no need.  Utilise low cost website services and put the remaining funds into your online marketing budget, or hire another social media specialist (offshored) to support your digital marketing program. (http://www.asiaoffshoring.com/#!virtual-staff/ya439).
Finally...
Getting a new website is no longer about providing viewers with a shopping list of products and services.   Utilising the latest web designs to create engaging websites means that you’re also utilizing marketing-effective websites based on recognised selling psychology.  If you’re not creating the websites of the ‘now, you’re negatively impacting your marketing strategy. 
How effective is your current website?  
Take a moment to see how your website aligns to 2106 marketing-effective websites. Try our website self-audit tool at http://www.asiaoffshoring.com/#!web-development/zoxdi
Andrew Styles is a highly regarded regional expert in utilising Asia for offshoring management He is also founder of Asia Offshoring Inc, an Australian owned business increasing profitability through the provision of digital and virtual services to Australian businesses. For more details, see www.asiaoffshoring.com 

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